Common use of Overpayment Payments Clause in Contracts

Overpayment Payments. The Sponsor shall reimburse RCO for any overpayment or erroneous payments made under the Agreement. Repayment by the Sponsor of such funds under this recovery provision shall occur within 30 days of demand by RCO. Interest shall accrue at the rate of twelve percent (12%) per annum from the time that payment becomes due and owing.

Appears in 7 contracts

Samples: Grant Agreement, Funding Board Project Agreement, Project Agreement

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Overpayment Payments. The Sponsor sponsor shall reimburse RCO for any overpayment or erroneous payments made under the Agreement. Repayment by the Sponsor sponsor of such funds under this recovery provision shall occur within 30 days of demand by RCO. Interest shall accrue at the rate of twelve percent (12%) per annum from the time that payment becomes due and owing.

Appears in 2 contracts

Samples: Funding Board Project Agreement, Funding Board Project Agreement

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